JPMorgan Chase expects gold to experience short-term shocks and the average price in the fourth quarter will rebound to US$4500/ounce

On July 4, JPMorgan Chase believed that gold would maintain a range volatility in the short term, and then rebound. The average price in the third quarter of 2026 was US$4300/ounce, and the average price in the fourth quarter of 2026 was US$4500/ounce. JPMorgan maintains its long-term bullish outlook for gold and expects gold prices to rebound further in 2027.